Buyers getting more mortgages as housing market seems to be recovering

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The rumbles coming from estates agents is that the housing market has started to recover. Housing markets have just hit an eighteen month high, and ten homes are being sold on average a month, double what it was at its lowest point in August. News from the council of mortgage lenders is that some of the banks are increasing the amount of buyers they give their mortgages to by 36%. Though buyers are still being weary of the market, with the numbers still not back to the level they were. The numbers are showing that prices have done a complete 180 and are now on the rise. House prices have seen a 2.5 % each month for four months straight. It may be worth considering whether to buy that house now rather than waiting with the prices on the market still being lower than what they were before the ‘credit crunch’.

Can this really be considered to be good news? If your a first time buyer, it varies -your new house in not going to cost more than it did a couple of months ago, but your more likely to get a loan from the banks. For people interested in selling their home it could be worth waiting another couple of months to see if the prices continue to rise. The winners from this is the estate agents, who will start to see more houses being sold and more money in from the house prices going back up. First time buyers were complaining that house prices were to high beforee we hit the recession, now we have the sellers moaning about the fall of the house prices, cant please everyone can you?

Looking for South west london estate agents for property to rent in Balham? Go see these guys

 

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